LSI Industries Inc reports results for the quarter ended in June - Earnings Summary

LSI Industries

16/08/2024 01:10

* LSI Industries Inc  LYTS.OQ  reported quarterly adjusted
earnings of 24 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 30 cents.  The mean expectation of three analysts for the
quarter was for earnings of 23 cents per share. Wall Street
expected results to range from 21 cents to 24 cents per share.
    * Revenue rose 4.3% to $129.01 million from a year ago;
analysts
expected $126.99 million. 
    * LSI Industries Inc's reported EPS for the quarter was 19
cents​.
    * The company reported quarterly net income of $5.67
million.
    * LSI Industries Inc shares had risen by 2.1% this
quarter and
gained 4.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
supplies & fixtures peer group is also "buy"

Wall Street's median 12-month price target for LSI Industries
Inc is $20.00 
This summary was machine generated from LSEG data August 16 at
12:10 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.23           0.24           Beat
 Mar. 31 2024      0.16           0.21           Beat
 Dec. 31 2023      0.18           0.21           Beat
 Sep. 30 2023      0.24           0.29           Beat